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Ripple Claims Asset Managers Are Preparing for XRP Ledger Payments Upgrade

(13 days ago) · 1 source · Summarized by CryptoBipto

Ripple has stated that asset managers are getting ready for an upcoming payments upgrade on the XRP Ledger. The details of the upgrade and the specific asset managers involved have not been fully disclosed. The claim comes from Ripple itself and has not been independently verified.

WHY IT MATTERS

The XRP Ledger is a blockchain network — think of it as a digital highway for moving money — that was built to handle payments quickly and cheaply. Ripple is the company most closely tied to this network and the XRP cryptocurrency. When Ripple says asset managers (companies that invest money on behalf of clients, like mutual fund firms) are preparing for an upgrade, it suggests that traditional financial players may be looking at using this technology. However, since this claim comes directly from Ripple and has not been independently confirmed, it is important to treat it as a company announcement rather than established fact. For newcomers to crypto, this is a good example of why it matters to check who is making a claim and whether it has been verified by outside sources.

Ripple, the company closely associated with the XRP cryptocurrency and the XRP Ledger, has announced that asset managers are preparing for a forthcoming payments upgrade to the XRP Ledger.

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  • coindesk.com

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XRPXRP LedgerInstitutional AdoptionPayments InfrastructureRipple